Lates News

Due to Trump's statement that the U.S.'s "core strategic objectives" in the Iran war are close to completion but without giving a specific timetable for when the conflict will end, the stock market responded by falling, the dollar strengthening, and oil prices rising. S&P 500 index futures fell 0.67%, while European Stoxx 50 index futures dropped 0.1%. MSCI Asia-Pacific index, excluding Japan, fell 0.75%, while Japan's Nikkei 225 index dropped over 1% in volatile trading. In the past two trading days, the prospect of the month-long U.S.-Iran war ending has boosted global stocks and caused the dollar to retreat from recent highs. Analysts and investors are closely watching for when and how the Strait of Hormuz, as a major fuel transport route, will reopen. After the speech, the U.S. dollar rose against most currencies.